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Monday, September 26, 2022 9:24 GMT
Arabian Pipes Co. has won an order worth SR55 million (US$14.6 million) from Saudi Aramco to supply oil and gas steel pipes. The company said the financial impact of the 15-month contract is anticipated during the second quarter and the third quarter of 2023, according to a bourse filing. This marks the fourth contract that the pipe producer has signed with oil giant Aramco this year. Arabian Pipes Co. was awarded a contract worth SR268 million (US$71.2 million) from Aramco on Jan. 25. This...More